Hello Group Inc. provides mobile-based social and entertainment services in the People's Republic of China. It operates Momo platform that includes its Momo mobile application, as well as various related properties, features, functionalities, tools, and services. The company's Momo mobile application connects people and facilitates interactions based on location and interests; and various recreational activities, including live talent shows, short videos, and social games, as well as other video- and audio-based interactive experiences, such as live chats and mobile karaoke experience. It also operates Tantan, a social and dating application for younger generation, which enables users to find and establish romantic connections, and meet interesting people; and provides live video, value-added, mobile marketing, and other services, as well as mobile games. The company was formerly known as Momo Inc. and changed its name to Hello Group Inc. in August 2021. Hello Group Inc. was incorporated in 2011 and is headquartered in Beijing, the People's Republic of China.
IPO Year: 2014
Exchange: NASDAQ
Website: immomo.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/6/2024 | Buy → Underperform | BofA Securities | |
6/3/2024 | $13.00 → $6.00 | Overweight → Neutral | JP Morgan |
5/15/2024 | Equal-Weight → Underweight | Morgan Stanley | |
4/28/2023 | $4.80 → $12.50 | Neutral → Buy | UBS |
4/14/2023 | $5.00 → $13.00 | Neutral → Overweight | JP Morgan |
2/16/2023 | $9.00 → $12.00 | Overweight → Equal-Weight | Morgan Stanley |
12/9/2022 | $5.00 → $9.00 | Equal-Weight → Overweight | Morgan Stanley |
3/14/2022 | $7.00 | Overweight → Neutral | JP Morgan |
12/1/2021 | $18.00 → $13.60 | Buy → Neutral | Citigroup |
9/20/2021 | $13.00 | Underweight → Equal-Weight | Morgan Stanley |
BEIJING, Nov. 11, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading player in mainland China's online social networking space, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2024 before U.S. markets open on Monday, December 9, 2024. Hello Group's management will host an earnings conference call on Monday, December 9, 2024, at 7:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10043397-w4b3f5.html. Upon registration, each participant will rece
BEIJING, Sept. 3, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) ("Hello Group" or the "Company"), a leading player in mainland China's online social networking space, today announced its unaudited financial results for the second quarter of 2024. Second Quarter of 2024 Highlights Net revenues decreased by 14.2% year over year to RMB2,691.4 million (US$370.3 million*) in the second quarter of 2024.Net income attributable to Hello Group Inc. decreased to RMB397.8 million (US$54.7 million) in the second quarter of 2024, from RMB568.4 million in the same period of 2023.Non-GAAP net income attributable to Hello Group Inc. (note 1) decreased to RMB449.2 million (US$61.8 million) in the se
BEIJING, Aug. 15, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading player in mainland China's online social networking space, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2024 before U.S. markets open on Tuesday, September 3, 2024. Hello Group's management will host an earnings conference call on Tuesday, September 3, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10041441-w8sbhf.html. Upon registration, each participant will rece
BEIJING, May 28, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) ("Hello Group" or the "Company"), a leading player in mainland China's online social networking space, today announced its unaudited financial results for the first quarter of 2024. First Quarter of 2024 Highlights Net revenues decreased by 9.2% year over year to RMB2,560.4 million (US$354.6 million*) in the first quarter of 2024.Net income attributable to Hello Group Inc. decreased to RMB5.2 million (US$0.7 million) in the first quarter of 2024, from RMB390.3 million in the same period of 2023.Non-GAAP net income attributable to Hello Group Inc. (note 1) decreased to RMB59.9 million (US$8.3 million) in the first quarter
BEIJING, May 10, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading player in mainland China's online social networking space, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2024 before U.S. markets open on Tuesday, May 28, 2024. Hello Group's management will host an earnings conference call on Tuesday, May 28, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10039014-cp8m51.html. Upon registration, each participant will receive details
BEIJING, March 14, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2023. Fourth Quarter of 2023 Highlights Net revenues decreased by 6.5% year over year to RMB3,002.9 million (US$423.0 million*) in the fourth quarter of 2023.Net income attributable to Hello Group Inc. increased to RMB452.5 million (US$63.7 million) in the fourth quarter of 2023, from RMB398.0 million in the same period of 2022.Non-GAAP net income attributable to Hello Group Inc. (note 1) increased to RMB514.7 million (
BEIJING, Feb. 22, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading mobile social and entertainment platform in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023 before U.S. markets open on Thursday, March 14, 2024. Hello Group's management will host an earnings conference call on Thursday, March 14, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10037219-7ww6gf.html. Upon registration, each participant w
BEIJING, Dec. 8, 2023 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today announced its unaudited financial results for the third quarter of 2023. Third Quarter of 2023 Highlights Net revenues decreased by 5.9% year over year to RMB3,042.8 million (US$417.1 million*) in the third quarter of 2023.Net income attributable to Hello Group Inc. increased to RMB546.4 million (US$74.9 million) in the third quarter of 2023, from RMB450.8 million in the same period of 2022.Non-GAAP net income attributable to Hello Group Inc. (note 1) increased to RMB605.9 million (US$83.0 million) in the third quarter o
BEIJING, Nov. 17, 2023 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading mobile social and entertainment platform in China, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2023 before U.S. markets open on Friday, December 8, 2023. Hello Group's management will host an earnings conference call on Friday, December 8, 2023, at 7:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10035226-k7h0xo.html. Upon registration, each participant will receive deta
BEIJING, Aug. 31, 2023 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today announced its unaudited financial results for the second quarter of 2023. Second Quarter of 2023 Highlights Net revenues increased by 0.9% year over year to RMB3,137.7 million (US$432.7 million*) in the second quarter of 2023.Net income attributable to Hello Group Inc. increased to RMB568.4 million (US$78.4 million) in the second quarter of 2023, from RMB345.6 million in the same period of 2022.Non-GAAP net income attributable to Hello Group Inc. (note 1) increased to RMB632.1 million (US$87.2 million) in the second quar
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BEIJING, Nov. 11, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading player in mainland China's online social networking space, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2024 before U.S. markets open on Monday, December 9, 2024. Hello Group's management will host an earnings conference call on Monday, December 9, 2024, at 7:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10043397-w4b3f5.html. Upon registration, each participant will rece
BEIJING, Sept. 3, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) ("Hello Group" or the "Company"), a leading player in mainland China's online social networking space, today announced its unaudited financial results for the second quarter of 2024. Second Quarter of 2024 Highlights Net revenues decreased by 14.2% year over year to RMB2,691.4 million (US$370.3 million*) in the second quarter of 2024.Net income attributable to Hello Group Inc. decreased to RMB397.8 million (US$54.7 million) in the second quarter of 2024, from RMB568.4 million in the same period of 2023.Non-GAAP net income attributable to Hello Group Inc. (note 1) decreased to RMB449.2 million (US$61.8 million) in the se
BEIJING, Aug. 15, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading player in mainland China's online social networking space, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2024 before U.S. markets open on Tuesday, September 3, 2024. Hello Group's management will host an earnings conference call on Tuesday, September 3, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10041441-w8sbhf.html. Upon registration, each participant will rece
BEIJING, May 28, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) ("Hello Group" or the "Company"), a leading player in mainland China's online social networking space, today announced its unaudited financial results for the first quarter of 2024. First Quarter of 2024 Highlights Net revenues decreased by 9.2% year over year to RMB2,560.4 million (US$354.6 million*) in the first quarter of 2024.Net income attributable to Hello Group Inc. decreased to RMB5.2 million (US$0.7 million) in the first quarter of 2024, from RMB390.3 million in the same period of 2023.Non-GAAP net income attributable to Hello Group Inc. (note 1) decreased to RMB59.9 million (US$8.3 million) in the first quarter
BEIJING, May 10, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading player in mainland China's online social networking space, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2024 before U.S. markets open on Tuesday, May 28, 2024. Hello Group's management will host an earnings conference call on Tuesday, May 28, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10039014-cp8m51.html. Upon registration, each participant will receive details
BEIJING, April 26, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today filed with the U.S. Securities and Exchange Commission its annual report on Form 20-F for the fiscal year ended December 31, 2023. The annual report can be accessed on the Company's investor relations website at https://ir.hellogroup.com/ or on the SEC's website at https://www.sec.gov. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company's Investors Rel
BEIJING, March 26, 2024 /PRNewswire/ -- Mr. Cook, visited the headquarters of Hello Group Inc. ("Hello Group" or the "Company") on March 23, 2024, where Jia Wei, Senior Vice President of the Company, and Yi Ming, the head of inSpaze project, introduced Hello Group and its innovative social app 'inSpaze' on Apple Vision Pro. Mr. Cook commented that spatial computing has brought about new opportunities and the immersive social experience of inSpaze is truly impressive under the spatial computing power of Apple Vision Pro. As the first spatial social app on Apple Vision Pro, inSpaze aims to recreate reality in the virtual world. Yi Ming demonstrated how inSpaze enables users to chat, share and
BEIJING, March 14, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2023. Fourth Quarter of 2023 Highlights Net revenues decreased by 6.5% year over year to RMB3,002.9 million (US$423.0 million*) in the fourth quarter of 2023.Net income attributable to Hello Group Inc. increased to RMB452.5 million (US$63.7 million) in the fourth quarter of 2023, from RMB398.0 million in the same period of 2022.Non-GAAP net income attributable to Hello Group Inc. (note 1) increased to RMB514.7 million (
BEIJING, Feb. 22, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading mobile social and entertainment platform in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023 before U.S. markets open on Thursday, March 14, 2024. Hello Group's management will host an earnings conference call on Thursday, March 14, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10037219-7ww6gf.html. Upon registration, each participant w
BEIJING, Feb. 5, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO), a leading mobile social and entertainment player in China, has launched the native immersive social app inSpaze for Apple Vision Pro in the U.S. inSpaze, the brand-new app specially developed for visionOS, is now available for all Apple Vision Pro users. With technologies such as 3Ds, Reality Converter, Reality Composer Pro, etc., the native spatial computing app inSpaze allows users to connect with Apple Vision Pro users globally, along with Spatial Audio and 3D interaction content. inSpaze users can immerse themselves completely in a world of their own creation. In addition to persona support, users can also generate 3D
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BofA Securities downgraded Hello Group from Buy to Underperform
JP Morgan downgraded Hello Group from Overweight to Neutral and set a new price target of $6.00 from $13.00 previously
Morgan Stanley downgraded Hello Group from Equal-Weight to Underweight
UBS upgraded Hello Group from Neutral to Buy and set a new price target of $12.50 from $4.80 previously
JP Morgan upgraded Hello Group from Neutral to Overweight and set a new price target of $13.00 from $5.00 previously
Morgan Stanley downgraded Hello Group from Overweight to Equal-Weight and set a new price target of $12.00 from $9.00 previously
Morgan Stanley upgraded Hello Group from Equal-Weight to Overweight and set a new price target of $9.00 from $5.00 previously
JP Morgan downgraded Hello Group from Overweight to Neutral and set a new price target of $7.00
Citigroup downgraded Hello Gr from Buy to Neutral and set a new price target of $13.60 from $18.00 previously
Morgan Stanley upgraded Hello Group from Underweight to Equal-Weight and set a new price target of $13.00
Across the recent three months, 4 analysts have shared their insights on Hello Gr (NASDAQ:MOMO), expressing a variety of opinions spanning from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $10.68, a high estimate of $16.00, and a low estimate of $5.70. A 25.57% drop
JP Morgan analyst Daniel Chen downgrades Hello Gr (NASDAQ:MOMO) from Overweight to Neutral and lowers the price target from $13 to $6.
Key Takeaways: Hello Group’s three years of revenue declines continued in the first quarter and are accelerating as the company faces both internal and external headwinds The dating-app operator said it could soon receive a policy boost, in an apparent reference to China’s recent efforts to raise its tumbling birthrates By Doug Young Has the flame finally gone out in the “Tinder of China”? Investors may be starting to feel that way, after Hello Group Inc. (NASDAQ:MOMO) reported its latest quarterly results that showed nearly all of its key metrics continued to drop in this year’s first quarter, led by accelerating revenue declines for one of China’s oldest dating apps. Investors dum
Benchmark analyst Fawne Jiang maintains Hello Gr (NASDAQ:MOMO) with a Buy and lowers the price target from $16 to $15.
U.S. stocks were lower, with the Dow Jones index falling more than 300 points on Wednesday. Shares of HEICO Corporation (NYSE:HEI) rose sharply during Wednesday's session following a second-quarter earnings beat. Heico posted quarterly GAAP earnings of 88 cents per share, beating market estimates of 81 cents per share. The company's quarterly sales came in at $955.395 million versus expectations of $951.206 million, according to data from Benzinga Pro. HEICO shares gained 4.6% to $221.76 on Wednesday. Here are some other big stocks recording gains in today's session. AST SpaceMobile, Inc. (NASDAQ:ASTS) shares gained 29% to $6.88 after the company announced a partnership with
Citigroup analyst Hillman Chan maintains Hello Gr (NASDAQ:MOMO) with a Neutral and lowers the price target from $6.4 to $5.7.
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Tripadvisor, Inc. (NASDAQ:TRIP) On May 8, TripAdvisor posted better-than-expected quarterly results. In February 2
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U.S. stock futures were mostly higher this morning, with the Nasdaq futures gaining around 0.5% on Tuesday. Shares of Hello Group Inc. (NASDAQ:MOMO) fell sharply in today's pre-market trading following first-quarter results. Hello Group posted adjusted EPADS of 4 cents, compared to market expectations of 29 cents. The company's sales came in at $354.61 million versus estimates of $347.95 million, according to data from Benzinga Pro. Hello Group shares fell 4.9% to $5.25 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. MultiPlan Corporation (NYSE:MPLN) shares dipped 9.8% to $0.6198 in pre-market trading after jumping 22% o
Monthly Active Users ("MAU") on Tantan app were 13.7 million in March 2024, compared to 19.5 million in March 2023. For the Momo app total paying users was 7.1 million for the first quarter of 2024, compared to 7.8 million for the same period last year. Tantan had 1.1 million paying users for the first quarter of 2024 compared to 1.6 million from the year ago period.